“Today the main concern is inflation and that there is a recovery in real income. It is very important to provide certainty instead of generating uncertainty. The definition of the President (Alberto Fernández) is ‘here is an economic program and that is the course'” , he added.
In addition, the minister maintained that “the economy works in a context of power relations”, so in order to attack inflation “we need to build credibility in a solid and consistent program that we have designed” and that, although there are tensions in the Government , “the President has stated that we will manage with people who are aligned with the economic program that has been defined.”
Also, the head of the economic portfolio explained the two main factors that make up the current inflation in Argentina: “One is external and it is strong. And the other is internal and it is important.”
“Today the world is experiencing the worst inflationary process in decades. What is happening with the war generated a strong disruption in the entire economy, throughout the world”, however, “internal management, one says how one attacks”.
In this regard, Martín Guzmán recalled: “A few days ago, the Secretary of Commerce (Roberto Feletti) gave an important and true definition: ‘Inflation is not going to be reduced with price agreements.’ I absolutely agree. He said that it is attacked with macroeconomic policy For that you need a program, and that already exists today.”
Meanwhile, the minister added that to be effective in combating inflation, it is necessary to “build credibility, calm expectations, and clear political support, instead of generating actions that create uncertainty.”
From the Government “we want the purchasing power of income to grow, so that the economy continues with its recovery. We are working for that,” he concluded.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
